Chase ‘infinite money’ glitch leaves TikTokers in huge debt
Users on social media have been reporting a “glitch” with Chase Banks ATMs that allowed them to withdraw large sums without having sufficient funds in their accounts.
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JPMorgan’s Focus on Blockchain Is Part of Digital Transformation Roadmap, New Study Reveals
A study into JPMorgan’s digital transformation initiatives has revealed that blockchain is a key technology for the bank’s roadmap, according to a press release published by ResearchAndMarkets.com (RM) October 3.RM has analyzed JPMorgan’s enterprise-wide strategies to secure its “competitive edge” against rival banks, non-financial firms, and fintech startups. The bank has reportedly earmarked $10.8 billion…
Digital Yuan CBDC Momentum Grows as More Chinese Firms Get to Testing
Despite the global economic crisis and the consequences of the coronavirus pandemic, the development of the Chinese national cryptocurrency, the Digital Currency Electronic Payment, is steadily progressing. The increase in the number of large companies joining the digital yuan initiative as partners in testing and implementing the technology is clear evidence of the progress the…
Nasdaq to Add Brave New Coin Bitcoin and Ethereum Indices This Month
Nasdaq will launch two new indices tracking cryptocurrency prices on Feb. 25, the company announced in an update to its website on Feb. 12.The indices — the Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX) — will offer real-time price updates in thirty-second intervals for clients using NASDAQ’s Global Index Data Service (GIDS).BLX…
Bitcoin Will Create a New Economic Elite in 2020
As many economies slowly begin opening up again, their stability remains uncertain. 2020 will go down in the history books as the year financial markets suffered their worst day since 1987 and oil’s value went negative for the first time.Bitcoin (BTC) continues to increase in popularity across the globe, particularly as emerging markets with populations…
Libra Loses Key Members, Potentially Forked — Still Looks Confident
Earlier this week, initial members of the Libra Association formalized a governance structure after holding their inaugural meeting in Geneva. The transition happened just days after seven high-profile participants, including Visa, eBay and Mastercard, chose to leave the organization.Libra’s setback happened amid general regulatory upheaval in the crypto industry: In October alone, United States authorities…
21% of Muscovites think crypto and digital currencies will replace fiat in ten years
According to a recent poll, 14% of Russians think crypto will replace fiat in 10 years, while 39% think it's impossible to give up cash. 1834 Total views 12 Total shares New research from one of the top 10 major banks in Russia, Otkritie Bank, has found that 14% of Russians think crypto will replace…
Mike Novogratz: Bitcoin Will Be Digital Gold, ‘Sovereignty Should Cost a Lot’
Mike Novogratz, a former Goldman Sachs partner and founder of crypto merchant bank Galaxy Digital, has argued that Bitcoin (BTC) occupies a unique place in the cryptocurrency landscape. Novogratz made his remarks during an interview with Bloomberg TV on Feb. 13.Reflecting on the proliferation of crypto assets, many of which have attempted to vie with…
BitMEX Briefly Goes Offline Amid Legal Problems
Trading giant BitMEX briefly went offline just three days after being hit with a massive lawsuit, citing a trading engine error. 1848 Total views 49 Total shares Major Bitcoin (BTC) derivatives exchange BitMEX went offline earlier on May 19, citing trading engine failure. The platform was inaccessible for a brief time, and is currently back…